{"id":698,"date":"2007-03-19T21:47:24","date_gmt":"2007-03-20T01:47:24","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=698"},"modified":"2007-03-19T21:47:24","modified_gmt":"2007-03-20T01:47:24","slug":"march-19-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=698","title":{"rendered":"March 19, 2007"},"content":{"rendered":"
\n\n\n\n\n\n\n\n\n\n\n\n
Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version. In this version, index values are based at 1,000.0 on 2006-6-30<\/strong><\/td>\n<\/tr>\n
Index<\/td>\nMean Current Yield (at bid)<\/td>\nMean YTW<\/td>\nMean Average Trading Value<\/td>\nMean Mod Dur (YTW)<\/td>\nIssues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n4.06%<\/td>\n3.81%<\/td>\n80,757<\/td>\n3.85<\/td>\n1<\/td>\n+0.3968%<\/td>\n1,054.9<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.96%<\/td>\n3.49%<\/td>\n101,384<\/td>\n4.63<\/td>\n5<\/td>\n-0.0392%<\/td>\n1,044.0<\/td>\n<\/tr>\n
Floater<\/td>\n4.72%<\/td>\n-18.68%<\/td>\n75,096<\/td>\n0.32<\/td>\n3<\/td>\n+0.1318%<\/td>\n1,053.5<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.70%<\/td>\n2.72%<\/td>\n75,282<\/td>\n2.13<\/td>\n17<\/td>\n+0.0886%<\/td>\n1,034.9<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.04%<\/td>\n1.51%<\/td>\n175,057<\/td>\n3.11<\/td>\n15<\/td>\n+0.1651%<\/td>\n1,051.5<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.50%<\/td>\n4.41%<\/td>\n66,126<\/td>\n2.32<\/td>\n5<\/td>\n-0.2035%<\/td>\n1,041.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.00%<\/td>\n3.81%<\/td>\n235,750<\/td>\n5.15<\/td>\n53<\/td>\n+0.0183%<\/td>\n1,058.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.52%<\/td>\n4.52%<\/td>\n900,035<\/td>\n12.58<\/td>\n10<\/td>\n+0.0485%<\/td>\n1,068.9<\/td>\n<\/tr>\n<\/table>\n<\/div>\n\n\n\n\n
Major Price Changes<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
There were no index-included issues with notable price moves today.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nVolume<\/td>\nNotes<\/td>\n<\/tr>\n
DC.PR.A<\/td>\nScraps (Would be OpRet, but there are credit-rating concerns)<\/td>\n192,948<\/td>\nAnother day<\/a> of heavy trading. Now with a pre-tax bid-YTW of 4.96% based on a bid of $25.09 and a softMaturity<\/a> 2016-6-29 at $25.00.<\/td>\n<\/tr>\n
YPG.PR.A<\/td>\nScraps (Would be OpRet, but there are credit-rating concerns)<\/td>\n148,770<\/td>\nNational Bank crossed 135,000 at $24.60. Now with a pre-tax bid-YTW of 4.62% based on a bid of $24.60 and a softMaturity 2012-12-30 at $25.00.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualPremium<\/td>\n118,240<\/td>\nNow with a pre-tax bid-YTW of 4.52% based on a bid of $25.19 and either a call 2016-3-26 at $25.00, or a limitMaturity<\/a>, take your pick.<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetualPremium<\/td>\n108,150<\/td>\nNow with a pre-tax bid-YTW of 4.71% based on a bid of $25.08 and a call 2016-3-1 at $25.00.<\/td>\n<\/tr>\n
RY.PR.B<\/td>\nPerpetualPremium<\/td>\n103,795<\/td>\nRBC crossed 100,000 at $25.70. Now with a pre-tax bid-YTW of 4.43% based on a bid of $25.60 and a call 2015-9-23 at $25.00.<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetualPremium<\/td>\n97,000<\/td>\nRBC crossed 40,000 at $25.25, then Nesbitt crossed 50,000 at the same price. Now with a pre-tax bid-YTW of 4.55% based on a bid of $25.20 and a limitMaturity.<\/td>\n<\/tr>\n
HSB.PR.D<\/td>\nPerpetualPremium<\/td>\n28,060<\/td>\nNow with a pre-tax bid-YTW of 4.21% based on a bid of $26.30 and a call 2015-1-30 at $25.00<\/td>\n<\/tr>\n<\/table>\n

There were nine other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.<\/p>\n

\n

\n<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version. In this version, index values are based at 1,000.0 on 2006-6-30 Index Mean Current Yield …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-698","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=698"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/698\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}